10548 Crown Road, Franklin Park, IL 60131

Commercial Property
Built in 1975
10,019sqft lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

Prime Investment Opportunity in Franklin Park! An exceptional chance to own two side-by-side 10-unit all-brick apartment buildings, connected by a charming courtyard. Each Building has California Balconies. The buildings features identical 1-bedroom, 1-bath apartments. Each building has a full basements, providing additional value and potential to create Storage lockers! Recent Major Improvements (Completed in 2024):New asphalt parking lots (10 spaces per building) New Wolmanized wood balconies & railings on 2nd floors. New roof on 10548 Crown & roof repairs on 10542 Crown laundry facilities (2 washers & dryers in 10542 Crown) Majority of units remodeled. No Vacancies, all tenants are on month-to-month leases, and tenants pay electric. Significant Tax Savings! Both buildings have been approved under the Cook County Affordable Housing Special Assessment Program, resulting in a 35% reduction in assessed valuation for 10 years (renewable if compliance continues). This program benefits both owners and tenants by promoting affordable housing while reducing tax burdens. Unbeatable Location! Conveniently located near O'Hare Airport & Interstate 90, offering easy access to major employment hubs, transit, and amenities. Don't miss out on this **turnkey investment with strong occupancy, recent upgrades, and long-term tax advantages! Contact us today for more details!

Listing Status:: Active
Listing Office:: Baird & Warner : 630-205-4700
Listing Agent:: Edward Hall : 630-205-4700
MLS ID:: 12375219

Basement: Partially Finished
Fireplace: Fireplaces: 0

This listing courtesy of Edward Hall, Baird & Warner

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

West Leyden High School

1000 N Wolf Rd, Northlake, IL, 60164

Grades 9-12

0.93 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.